A Transparent Look at Ownership Through Our Pathway to Partnership Program
Below is an example of partnership terms, earning potential, and ownership value available through Legacy Veterinary Group’s Pathway to Partnership program.
We believe partnership should be transparent, attainable, and financially meaningful.
Partnership Opportunity
This opportunity is unique within our group. Unlike traditional veterinary ownership models — which often require a 3-year waiting period or strict revenue targets — Legacy offers partnership eligibility from the beginning of employment.
Upon execution of the employment agreement, the doctor will be eligible to receive a Profits Interest Award equal to 10% of the outstanding shares of the practice.
Profit Interest Award Criteria
The 10% profits interest will be awarded provided that:
- Practice revenue is maintained at or above historical revenue levels during the first six months
- The doctor demonstrates alignment with our core values and collaborative team culture
- Positive feedback, initiative, and engagement within the practice and group are observed
Employment Terms
Schedule & Support:
- Five-day work week (approximately 40 hours)
- After-hours and weekend support provided by the Legacy Telemedicine Division
- Three weeks cumulative PTO annually
- Monthly scheduling with consideration for personal time off
Mentorship & Integration:
- Work alongside a Legacy physician during the first month
- Ongoing collaboration with rotating doctors from our Doctor Community
Compensation & Benefits
Base Compensation
- Annual base salary: $150,000
- Paid biweekly (26 installments)
- Initial contract term: 3 years
Production Bonus
- 20% commission on monthly production exceeding $60,000
- Carve-outs include heartworm preventatives, flea/tick products, food sales, boarding, and grooming
- Commissions paid quarterly
Bonuses
- $20,000 signing bonus
- $10,000 relocation bonus
Benefits Package
- Health, dental, and vision insurance
- 401(k) plan with up to 6% employee contribution and 3% company match
- Veterinary expenses for personal pets
- Minimum 20 CE hours and $3,500 annually
- Professional dues and licensure covered (NCVMA, AVMA, NCVMB, DEA, AVMA PLIT, NC Privilege License)
Profits Interest & Ownership Value
Example Financial Summary
Factor
Value
A single independent practice of this size typically commands 4.5 to 5 times earnings when sold individually. When part of a group structure like Legacy, valuation is typically structured differently, often at approximately 3 times this amount due to shared resources and operational alignment.
Ready to Explore Your Pathway to Partnership?
If you are a veterinarian seeking early ownership opportunity, transparent financial structure, and long-term wealth-building within a doctor-owned leadership model, we encourage you to contact us to learn more about Legacy Veterinary Group of the Carolinas.
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